Muslim men perform noon prayers at a mosque on the first working Friday in Dubai. Photo: AFP
Muslim men perform noon prayers at a mosque on the first working Friday in Dubai. Photo: AFP
Muslim men perform noon prayers at a mosque on the first working Friday in Dubai. Photo: AFP
Muslim men perform noon prayers at a mosque on the first working Friday in Dubai. Photo: AFP


Modernising Friday in the UAE


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January 09, 2022

Residents of the UAE would be forgiven for being slightly discombobulated this weekend, as they experienced the first working Friday – alongside the second Saturday-Sunday weekend – in the country’s history.

This policy change has affected a wide cross-section of society. To be precise, 70 per cent of federal government employees are now expected to be in offices on Friday. Many private sector companies have followed suit, and more are expected to do so in the coming weeks and months. The change also affects schoolchildren, who now follow a 4.5-day week in most of the country.

People, therefore, should permit themselves a few more weeks of psychological reprogramming to get used to this significant change in routine. The UAE is, after all, only the third country in the Middle East to follow the Monday-Friday working week, the others being Turkey and Lebanon, even though many Muslim-majority countries have made the shift.

Notwithstanding some anticipated confusion, there has also been plenty of continuity. Data from the Google-owned navigation app Waze showed only a small increase in traffic around commuter hotspots on Friday. While this minimal disruption is possibly in part caused by holidays and more people staying at home due to rising Covid-19 infections, the largely seamless transition bodes well for the next few weeks and months when people return and, hopefully, coronavirus cases drop.

  • Federal government departments in the UAE will change their working week from January 1, 2022, with much of the country expected to follow suit.
    Federal government departments in the UAE will change their working week from January 1, 2022, with much of the country expected to follow suit.
  • The new Monday to Friday working week will mean residents have a two-and-a-half-day weekend. Silvia Razgova / The National
    The new Monday to Friday working week will mean residents have a two-and-a-half-day weekend. Silvia Razgova / The National
  • Abu Dhabi and Dubai were the first emirates to adopt the weekend change with RAK, Fujairah and Sharjah following suit. Ravindranath K / The National
    Abu Dhabi and Dubai were the first emirates to adopt the weekend change with RAK, Fujairah and Sharjah following suit. Ravindranath K / The National
  • The weekend change means many institutions are rethinking their schedules. Some schools have already said they will adjust timetables accordingly. Ruel Pablo for The National
    The weekend change means many institutions are rethinking their schedules. Some schools have already said they will adjust timetables accordingly. Ruel Pablo for The National
  • Banks and financial institutions, such as the Dubai Financial Market, will work Monday to Friday. EPA
    Banks and financial institutions, such as the Dubai Financial Market, will work Monday to Friday. EPA
  • Questions remain over the new weekend changes, which will affect residents' schedules and way of life. Photo: Raffles Hotel Dubai
    Questions remain over the new weekend changes, which will affect residents' schedules and way of life. Photo: Raffles Hotel Dubai
  • Sports calendars are likely to be affected. Chris Whiteoak / The National
    Sports calendars are likely to be affected. Chris Whiteoak / The National
  • Mosques will hold Friday sermons and prayers at a fixed time, 1.15pm, with government employees having the option to work from home on this day. Satish Kumar / The National
    Mosques will hold Friday sermons and prayers at a fixed time, 1.15pm, with government employees having the option to work from home on this day. Satish Kumar / The National

Those observing Friday prayers also adjusted to the new routine with ease. The dhuhr prayer time, which normally falls between noon and 12.30pm, has now been moved forward by roughly an hour in

most of the country, with sermons beginning at 1.15pm. Times remain unchanged in Sharjah, which has gone further than other emirates by adopting a four-day working week in the public sector. Manal Ataya, director general of Sharjah Museums Authority, told The National that she believes more time off will encourage residents to benefit from the emirate’s expanding cultural scene and museums.

Such hopes for growth in this new and exciting sector reflect the wider aspirations behind a new working week: to realise the UAE’s potential in a connected and competitive global economy, which demands agility to attract the best of future industries, connectivity and talent.

An early indication that business is ready is the number of private firms that are onboard with the change. A December survey conducted by Mercer found that most private sector companies were supportive of the move to a Monday-Friday schedule, with one in four set to adopt the 4.5-day working week. And, in a timely sign that disruption to business seems to be minimal so far, the value of real estate transactions in Dubai on Friday topped $690 million.

Amid this major change to day-to-day life, and the smaller quirks it gives rise to, it is important to remember that the move is fundamentally about reaping the rewards of the UAE’s progress over the past 50 years. Working Monday to Friday is sometimes known as the “western working week”. The UAE and others are showing that in an increasingly globalised economy, in which many different cultures and countries play a part, that term is due some revision.

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MATCH INFO

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(Sterling 16')

Man of the match: Kevin de Bruyne (Manchester City)

Analysis

Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Five films to watch

Castle in the Sky (1986)

Grave of the Fireflies (1988)

Only Yesterday (1991)

Pom Poki (1994)

The Tale of Princess Kaguya (2013)

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

The biog

Marital status: Separated with two young daughters

Education: Master's degree from American Univeristy of Cairo

Favourite book: That Is How They Defeat Despair by Salwa Aladian

Favourite Motto: Their happiness is your happiness

Goal: For Nefsy to become his legacy long after he is gon

Secret Nation: The Hidden Armenians of Turkey
Avedis Hadjian, (IB Tauris)
 

Tonight's Chat on The National

Tonight's Chat is a series of online conversations on The National. The series features a diverse range of celebrities, politicians and business leaders from around the Arab world.

Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster who has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others.

Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.

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The biog

Name: Salvador Toriano Jr

Age: 59

From: Laguna, The Philippines

Favourite dish: Seabass or Fish and Chips

Hobbies: When he’s not in the restaurant, he still likes to cook, along with walking and meeting up with friends.

Updated: January 09, 2022, 7:26 AM